National Debt

national debt

Regulators

Mortgage Related

Government Sponsored

Barclays and Former Executives Charged Over Qatar Fund-Raising

barclayspfa

NYT-

Barclays, its former chief executive and three other former senior managers were criminally charged on Tuesday over agreements the bank struck with Qatar as it sought to avoid a government bailout during the 2008 global financial crisis.

The accusations by the Serious Fraud Office are the first criminal charges to have been brought in Britain against a bank and its former executives as a result of actions taken as the financial crisis worsened.

They are also a major test for the agency, which has suffered several setbacks recently in its efforts to prosecute manipulation of a benchmark interest rate known asĀ Libor. Prime Minister Theresa May of Britain has proposed merging the fraud office into a larger crime-fighting body.

continue reading NEW YORK TIMES